Samsung Electronics, SK Hynix Retire Large Amounts of Treasury Stock
Published
This year, Samsung Electronics and SK Hynix, both leading domestic companies, retired large amounts of their own treasury stock. Samsung Electronics retired treasury stock worth 17.0722 trillion won, ranking first in the scale of retirement.
SK Hynix recorded 14.5503 trillion won, placing second. Combined, the retirement amounts of the two companies total about 31.6225 trillion won, a significant sum in the shareholder policies of listed companies in Korea.
Treasury stock retirement refers to a company buying back its own shares from the market and then eliminating them. Because the number of issued shares decreases, the value of the remaining shares can rise. For this reason, it is used as one of the ways companies return profits to shareholders.
This news shows that major domestic companies are retiring treasury stock to increase shareholder value. For more details, please refer to the original article.
Sources: 국제신문
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